T. Rowe Price Group, Inc. ended October with $1.834 trillion in assets under management, $29 billion less than a month earlier, as the firm recorded $10.8 billion in net client outflows.
The company reported $1.863 trillion in assets at Sept. 30. Its October figures show declines in equity and multi-asset holdings, while fixed-income assets edged higher.
Equity assets totaled $873 billion at Oct. 31, down from $896 billion a month earlier. Multi-asset holdings fell to $674 billion from $681 billion. Fixed-income assets, including money market, rose to $223 billion from $222 billion, and alternatives remained at $64 billion.
Target date retirement portfolio assets were $609 billion, compared with $614 billion in September. Retirement-related investments make up roughly two-thirds of the firm’s client assets, the company said.
